25 Most Expensive Countries in the World

4. Iceland

Cost of Living Index: 99.67

Local Purchasing Power Index: 67.30

Among the top 5 of the most expensive countries in the world, we have Iceland. Iceland is a Nordic island nation. It is defined by its dramatic landscape with volcanoes, geysers, hot springs, and lava fields. Massive glaciers are protected in Vatnajökull and Snæfellsjökull national parks. Most of the population lives in the capital, Reykjavik, which runs on geothermal power and is home to the National and Saga museums. If a family of four is to live in Iceland, they would have to manage $4,558 per month apart from rent. For a single person, the monthly expenses excluding rent drop down to $1,236.

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